In a move which it suggests will “supercharge” its Android ecosystem, enhance competition, and offer “wonderful user experiences”, Google Inc. is to acquire Motorola Mobility – the part of the business which covers converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access […]
As widely expected, Scripps Networks is to acquire Virgin Media’s stake in UKTV, the joint-venture multi-platform channel operator with BBC Worldwide. Scripps Networks Interactive will pay approximately £239 million to purchase Virgin Media’s 50 per cent common equity interest in the UKTV partnership and also will pay about £100 million to acquire the outstanding preferred […]
Time Warner Cable has agreed to pay $3 billion in cash for Insight Communications. The transaction, subject to approvals, will strengthen Time Warner Cable’s presence in the east of USA presence, adding more than 750,000 subscribers in Indiana, Kentucky and Ohio. Insight is owned by The Carlyle Group, Crestview Partners, MidOcean Partners, members of Insight […]
The FT in Germany has reported that the UK’s Star Capital is looking to bid for German cable operator Tele Columbus. Star already owns German cable operator Pepcom and is said to be in negotiations to buy Tele Columbus. Tele Columbus serves 2.1 million households in eastern Germany, North Rhine-Westphalia and Hesse. Pepcom has about […]
News Corporation took a 22 per cent hit to its quarter profits on the losses caused by the sale of MySpace. The effect of the closure of the News of the World won’t be seen until the next reporting period but, as today’s numbers make clear, newspapers don’t make a significant contribution to the whole. […]
US satellite TV provider DirecTV reported second-quarter net income up 29 per cent, beating expectations, as it added 472,000 net new subscribers in Latin America. US subscriber growth was below forecasts at 26,000 – but the new additions were still enough to push the company beyond the milestone of 30 million subscribers. DirecTV reported earnings […]
German cable network operator Tele Columbus has found several investors to acquire the company, according to German press agency dpa. The operator is the hands of more than 100 international creditors that acquired the company by dropping several hundreds of millions euros in debt during 2010. In the beginning of this year, they took the […]
Satellite communications company Loral Space & Communications has provided an update on the previously announced initiatives to explore strategic alternatives for Telesat and Space Systems/Loral (SS/L). According to a company statement, in 2010, Telesat initiated a process to explore strategic alternatives. Among other initiatives, potential purchasers participated in a process to explore a potential acquisition […]
The strategic acquisition of the leading provider of innovative FM/RDS and DVB-S/S2 solutions strengthens the Wilhelm Sihn Jr. GmbH & Co. KG (WISI) has announced the take-over of 2wCom. Since more than two decades 2wCom has been a worldwide established manufacturer and supplier of professional broadcasting products in the field of DVB-S/S2, DVB-T, FM, RDS-TMC […]
Multi-platform media management technology and creative solutions specialist Red Bee Media is to acquire TV Genius, a software company that specialises in cloud-based content discovery across the Internet, TV and connected devices. The strategic acquisition will blend Red Bee Media’s rich metadata services with TV Genius’s content discovery technology to bring a synchronised viewer experience […]